Smartworks rents out 5.6 lakh sq ft office space at M-AGILE Pune
Real Estate

Smartworks rents out 5.6 lakh sq ft office space at M-AGILE Pune

Smartworks announced that it acquired on lease 5.6 lakh sq ft of office space at the co-working centre M-AGILE in Pune, the largest flexible office space deal in India. The firm spent nearly Rs 150 crore on this project..

The company said that the office space has over 8,500 seats. It is already booked at 40% capacity by IT-ITeS, BFSI, and manufacturing customers..

The space is likely to open in September, and JLL India expedited the deal..

The space is an exclusive corporate neighbourhood and links to places such as the Hinjewadi IT Park, Balewadi High Street, and Mumbai-Pune Expressway..

Neetish Sarda, the Smartworks founder, revealed that before this transaction, the largest deal in this area was in 2019, WebWorks’ 2.5-lakh sq ft facility in Hyderabad..

Sanjay Bajaj, JLL India MD Pune, revealed that Flex space stock has developed in Pune by more than four times from 0.7 MSF in 2017 to 3 MSF in 2021, and it has presented a huge growth opportunity.

He said that moving forward, they expect the flex market in Pune to reach nearly 5 MSF by 2022.

Smartworks has a footprint of over 4 MSF and 31 centres in Bengaluru, Hyderabad, Delhi, Noida, Gurugram, Mumbai, Pune, Chennai, and Kolkata.

Image Source


Also read: Prestige Group plans Rs 3,500 cr investment for office space in Mumbai

Also read: RBI seeks additional office space near head office in south Mumbai

Smartworks announced that it acquired on lease 5.6 lakh sq ft of office space at the co-working centre M-AGILE in Pune, the largest flexible office space deal in India. The firm spent nearly Rs 150 crore on this project.. The company said that the office space has over 8,500 seats. It is already booked at 40% capacity by IT-ITeS, BFSI, and manufacturing customers.. The space is likely to open in September, and JLL India expedited the deal.. The space is an exclusive corporate neighbourhood and links to places such as the Hinjewadi IT Park, Balewadi High Street, and Mumbai-Pune Expressway.. Neetish Sarda, the Smartworks founder, revealed that before this transaction, the largest deal in this area was in 2019, WebWorks’ 2.5-lakh sq ft facility in Hyderabad.. Sanjay Bajaj, JLL India MD Pune, revealed that Flex space stock has developed in Pune by more than four times from 0.7 MSF in 2017 to 3 MSF in 2021, and it has presented a huge growth opportunity. He said that moving forward, they expect the flex market in Pune to reach nearly 5 MSF by 2022. Smartworks has a footprint of over 4 MSF and 31 centres in Bengaluru, Hyderabad, Delhi, Noida, Gurugram, Mumbai, Pune, Chennai, and Kolkata. Image Source Also read: Prestige Group plans Rs 3,500 cr investment for office space in Mumbai Also read: RBI seeks additional office space near head office in south Mumbai

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Next Story
Infrastructure Transport

6th Open Web Girder Launched for Mumbai-Ahmedabad Bullet Train

M G Contractors Pvt. Ltd. (MGCPL) has successfully launched the sixth open web girder (OWG) bridge for the 508.17 km Mumbai-Ahmedabad High-Speed Rail (MAHSR) project. The 100-meter-long steel bridge for GAD-12, part of MAHSR’s Package P1(B), was installed over the Western Railways’ Baroda-Surat line and the Western Dedicated Freight Corridor (WDFC) in Gujarat. The launch site, located between Sayan and Kim near Surat, lies between MAHSR’s chainage KM 285+927m and KM 286+007m. Standing 12.5 meters tall and 14.3 meters wide, the 2,000 MT bridge was positioned using rollers and hy..

Next Story
Infrastructure Urban

Atishay Wins Rs 1.95 Million Smart Classroom Order in Himachal Pradesh

Atishay Limited has been awarded a Rs 1.95 million contract (inclusive of all taxes) by the Technical Education Department of Himachal Pradesh for the integration of a Smart Classroom at the Government College of Pharmacy, Ghorab, Kangra. As the designated System Integrator, Atishay will implement advanced educational technologies, including interactive learning tools, digital connectivity solutions, and seamless system synchronization to create a technology-driven learning environment. This project follows the company’s recent Smart Classroom integration at the Principal Governmen..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?